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Super Falcons’ 0,000 Reward: Justified honour or excessive gesture?

Super Falcons’ $100,000 Reward: Justified honour or excessive gesture?

Super Falcons’ $100,000 Reward: Justified honour or excessive gesture?

 

 

 

 

By Kamal Tayo Oropo, News Agency of Nigeria (NAN)

 

 

 

When the final whistle blew at the Prince Moulay Abdellah Stadium in Rabat, Morocco, on Saturday, July 26, 2025, the Super Falcons of Nigeria stood triumphant.

 

 

 

They had edged host Morocco 3–2 in a thrilling final, capturing their record-extending 10th Women’s Africa Cup of Nations (WAFCON) title.

 

 

 

Jubilant scenes followed across Nigeria — from Lagos, Imo, and other states street corners to social media timelines — with widespread praise for the team’s resilience and brilliance.

 

But beyond the celebrations, a national debate began: did the government go too far in showering the players with the amount of rewards they got ?

 

Each Super Falcons player was awarded a $100,000 cash bonus, house, new SUV, national honour, and additional gifts from various state governments.

 

 

 

Some Nigerians praised the gesture as long overdue. Others questioned whether such largesse was fitting in the context of national hardship.

 

The Super Falcons have been Africa’s most dominant women’s football team, appearing in all WAFCON tournaments since 1998 and winning ten of fifteen editions.

 

They reached the FIFA Women’s World Cup knockout stages and represented Nigeria at Olympic Games — often doing so without the privileges given to male teams.

 

In spite of these, the team have frequently been neglected or underappreciated by football authorities and the government alike.

 

Following their 2016 WAFCON win, the Falcons refused to leave their Abuja hotel, protesting unpaid bonuses until authorities responded.

 

Again in 2023, before the Women’s World Cup, players protested unpaid match fees and allowances — drawing global attention to their struggles.

 

Veteran defender Onome Ebi once remarked: “We give everything, yet we’re always fighting just to be seen, to be heard.”

 

According to supporters of the recent government reward, it’s not only fair — it’s long overdue.

 

“They’ve carried the nation’s flag high for decades,” says former captain Florence Omagbemi. “This generation deserves to be celebrated, not questioned.”

 

Sports Analyst Bukola Olajide sees the gesture as more than money. “It’s about telling young girls across Nigeria that their dreams are valid and valuable.”

 

Several argue that the reward brings the women’s team closer to parity with their male counterparts, who have historically enjoyed more attention and funding.

 

During the 2013 AFCON victory, male players reportedly received ₦10 million each, plots of land, and national honours.

 

Likewise, in 1996, after the Olympic football gold in Atlanta, the government awarded houses, vehicles and cash to every team member.

 

“In context,” Olajide adds, “the $100,000 reward isn’t excessive — it’s deserved, if not overdue.”

 

Yet, the reward has stirred unease in some quarters as critics argue that while celebrating sports is important, context matters — especially during economic downturns.

 

With inflation surging, public debt rising, and citizens facing mounting hardship, the optics of multi-million-dollar giveaways have been questioned.

 

“Teachers are on strike, hospitals are short of drugs, and security forces are unpaid,” says Dr Musa Audu, an Economist at the University of Abuja. “This sends the wrong signal.”

 

Stressing that national pride is important, he adds, “so is fiscal responsibility and fairness in public policy”.

 

 

 

Others have called attention to how the reward culture neglected other sectors.

 

“Do we reward inventors, surgeons, or science Olympiad winners the same way?” Grace Ekanem, an Education Advocate, asks.

 

 

 

She adds, “What we celebrate reflects our values. It’s time Nigeria developed a more balanced reward system for excellence.”

 

To determine whether Nigeria’s reward is excessive, comparisons with other nations help.

 

After winning the UEFA Women’s Euro 2025, England’s Lionesses were awarded a £1.7 million bonus pool by the Football Association (FA).

 

 

 

Each player received around £75,000, alongside £2,000 match fees per game — totalling £87,000 per player.

 

 

 

The British government did not give direct financial rewards, but held a Downing Street reception and organised a public celebration along The Mall in London.

 

They also launched a new girls football initiative, committing funds to school programmes, access to pitches, and facility upgrades across England.

 

 

 

South Africa’s women’s team, Banyana Banyana, received R10 million (about $550,000) in 2022 for winning WAFCON — distributed among the squad.

 

India’s Neeraj Chopra received over $800,000, land and job offers after winning gold at the Tokyo Olympics.

 

Singapore awarded swimmer Joseph Schooling S$1 million (around $740,000) for his 2016 Olympic gold — one of the highest athlete rewards globally.

 

The U.S. Olympic and Paralympic Committee offers $37,500 for gold, $22,500 for silver, and $15,000 for bronze — though endorsements often multiply those sums.

 

 

 

Experts insist the real concern isn’t the reward itself, but Nigeria’s absence of a transparent, structured rewards framework for all fields of national achievement.

 

Currently, athlete rewards are often ad hoc, political, and inconsistent, depending on the moment or mood of leadership.

 

 

“There’s no national policy outlining who gets rewarded, how much, and under what conditions,” says a Sports Development Consultant, Ayodele Bakare.

 

 

 

He argues for a National Honour and Reward Policy, covering sports, science, education, arts and public service.

 

 

 

Such a policy will reduce public discontent, depoliticise recognition, and ensure equitable treatment of achievers across sectors.

 

 

 

“It’s not about reducing rewards.

 

“It’s about making them fair, accountable, and strategic,” Bakare says.

 

Had the government failed to honour the Super Falcons after this historic win, it could have reignited old tensions between the team and the state.

 

Such neglect will send the wrong message about how Nigeria values women’s sports, particularly in a society still struggling with gender inequality.

 

It can also deter future participation, demoralise young female athletes, and signal to sponsors and partners that the country is not serious about women’s football.

 

Ex International Perpetua Nkwocha warns: “Without recognition, the next generation may not show up.”

 

Rewarding the Falcons is not merely a feel-good move — it’s a strategic investment in the future of sports and youth development.

 

The national debate sparked by the Falcons’ reward isn’t just about money — it’s about what kind of country Nigeria aspires to be.

 

A nation that celebrates excellence across all walks of life?

 

Or one where recognition is random, lopsided, and politically driven?

 

Citizens like Grace Ekanem hopes this moment spurs a broader conversation.

 

“Let’s build a country where excellence in science, art, education and public service gets equal honour.”

 

From classrooms to clinics, labs to football pitches, achievers deserve to be seen, valued and uplifted.

 

 

 

Whether $100,000 is too much, too little or just right is ultimately subjective. What’s clear is that Nigeria needs a structured, inclusive and transparent reward culture.

 

This win should be more than just a celebration — it should be a catalyst for policy reform that ensures all excellence is recognised, no matter the field.

 

The Super Falcons have done their part. Now it’s Nigeria’s turn to step up — with vision, fairness, and lasting commitment.(NANFeatures)

 

 

 

**If used, please credit the writer and the News Agency of Nigeria.

FIDA tasks women lawyers on taking leadership positions

FIDA tasks women lawyers on taking leadership positions

 

 

By Adenike Ayodele

The International Federation of Women Lawyers (FIDA) Nigeria has called for increased participation of women in leadership roles within the legal profession.

 

Chairperson of the Ikeja branch of FIDA, Mrs Nnenna Eze, made the call in an interview with the News Agency of Nigeria (NAN) on the sidelines of an event organised by the association on Thursday in Lagos.

 

NAN reports that event was to celebrate lawyers who had championed the cause of women and children within the Nigerian legal space.

 

During the ceremony, some legal practitioners were decorated as matrons and patrons of the branch.

 

Eze identified cultural and institutional stereotypes as major factors which hindered the advancement of women in law.

 

She urged women to make themselves relevant, by aspiring for leadership positions, especially at the national level of the Nigerian Bar Association (NBA).

 

“With the forthcoming NBA general elections where we have females vying for positions, we hope things will change.

 

“FIDA is ready to support any woman contesting for any position; when we have women in positions of decision making, things will begin to change,” she said.

 

On her part, the immediate past Country Representative of the African Women Lawyers Association (AWLA), Mrs Efosa Etomi, underscored the need for women to continue their pursuit of excellence.

 

Etomi, who was decorated as matron of FIDA Ikeja branch, noted that affirmative measures such as gender quotas might help in bridging the gap in representation.

 

“If women can rise up to being their best, I believe we will get what we should get; I do not believe we should get it just because we are women,” she said.

 

She added that when women strive to be the best, there will be no other choice but to “give it to them”, since they have proven themselves worthy.

 

In the same vein, a former Chairperson of the Lagos branch of FIDA, Mrs Philomena Nneji, highlighted the need for women lawyers to step forward, and actively seek leadership roles.

 

Nneji, who was also decorated as a matron, urged female lawyers to show more interest in leadership roles by contesting for elective positions within legal forums.

 

“What will help to improve this gap is for our female colleagues to come out the more, because, the contest will always be among those who are able to come out,” she said.

 

She referred to the recent election of the NBA Lagos branch, which saw the emergence of Mrs Uchenna Ogunedo-Akingbade as first female chairperson of the branch.

 

She described same as being a testament to the fact that women can lead effectively when given the right opportunity.

 

On his part, convener of the Fight Against Corruption and Indiscipline in the Judiciary (FIACIJ), Mr Adebayo Akinlade, noted that there is a long-standing disparity in the participation of both genders in the legal profession.

 

He said that although women have contributed significantly to the legal profession, they were however, not often recognised with leadership positions.

 

“What we have seen over time in the profession is that men take the titles, but women do the work,” he said.

 

He expressed optimism that the trend was gradually changing, since women are increasingly taking up leadership roles.

 

NAN reports that the event brought together some past and present officials of the Nigerian bar, as well as several legal women forums in the state. (NAN) (www.nannews.com.ng)

 

Edited by Sandra Umeh

NAICOM releases guidelines to regulate insurtech operations    

NAICOM releases guidelines to regulate insurtech operations   

 

 

 

By Taiye Olayemi

 

The National Insurance Commission (NAICOM) has unveiled comprehensive guidelines to regulate Insurtech operations in Nigeria, with effect from Aug. 1.

The new guidelines, which followed extensive consultation with industry stakeholders, aim to provide a clear regulatory framework for licensing, operations and supervision of Insurtech firms across the country.

In a statement on Wednesday in Lagos, NAICOM said the guidelines were introduced to promote innovation in the insurance sector, enhance consumer protection, and drive digital transformation.

The commission said that the framework would help reduce regulatory uncertainty, build public trust and confidence, and boost the development of new and innovative insurance products and services.

It noted that some of the key objectives of the guidelines include promoting responsible innovation, defining product features specific to Insurtech, and providing a clear licensing structure for both partnering and standalone Insurtech firms.

“Under the new rules, two categories of Insurtech operators will be recognised: Partnering Insurtechs, which are allowed to transact specified classes of insurance in collaboration with licensed insurers.

“The second one, Standalone Insurtechs, which may transact insurance as specified in their licence but are restricted from offering special risk products such as oil and gas, marine and aviation insurance, retirement life annuity, and insurance for government assets and liabilities.

“Prospective operators must submit applications in line with the procedures stated in the guidelines, adding that it reserves the right to impose licensing conditions as necessary,” it added.

It explained that insurtech firms would also be required to adhere strictly to prudential and market conduct provisions covering risk management, investments, actuarial practices, outsourcing, and other operational standards in line with the commission’s prudential guidelines.

To ensure fair business practices, the guidelines provide a dispute resolution mechanism requiring Insurtechs and their partner insurers to resolve disputes through arbitration before approaching the Commission.

Consumers can also escalate unresolved complaints directly to NAICOM for intervention.

NAICOM directed all existing insurance institutions and Insurtech operators to comply fully with the new guidelines within 30 days from the effective date. (NAN) (www.nannews.ng)

 

Edited by Olawunmi Ashafa

FCCPC warns traders against price inflation, substandard goods

FCCPC warns traders against price inflation, substandard goods

 

 

By Taiye Olayemi

The Federal Competition and Consumer Protection Commission (FCCPC) has issued warning to traders across Lagos State to cease artificial price inflation and ensure the authenticity and safety of their goods.

 

Mr Tunji Bello, the Executive Vice Chairman and Chief Executive Officer of FCCPC, gave the directive at a Market Engagement Forum organised by the commission in Lagos.

 

Bello, represented by Mrs Bridget Etim, Principal Consumer and Business Education Officer, FCCPC, underscored the commitment of the commission to fostering fair competition and safeguarding consumer rights, as enshrined in the Federal Competition and Consumer Protection Act (FCCPA) 2018.

 

He reminded all businesses, irrespective of their scale or operational setting, that they are subject to the provisions of this law.

 

Bello said that findings from recent FCCPC operations included the discovery of expired rice re-bagged and sold as premium brands at Daleko Market.

 

He condemned such “wrong and illegal” practices, emphasising the inherent risks to public health and the damage inflicted on the reputation of honest traders.

 

The News Agency of Nigeria (NAN) reports that FCCPC’s intensified engagement extended to major markets in Lagos, namely Mile 12 and Alaba.

 

At Mile 12, Lagos’s largest food hub, the commission tackled issues of tampered scales, under-weighing, the repackaging of spoilt produce, and suspected price-fixing of essential staples like rice, pepper, and yam.

 

Similarly, at Alaba International Market, a prominent electronics hub, the FCCPC addressed concerns related to the sale of counterfeit appliances, misleadingly labeled “Tokunbo” (fairly used) goods.

 

Others include false warranty claims, and coordinated price-fixing of electronics such as televisions, generators, and phones.

 

“These are not minor issues. They affect household income, endanger consumer safety, and erode public trust.

 

“They violate key provisions of the FCCPA 2018, which prohibit deceptive practices and unfair pricing,” the FCCPC boss said.

 

He stressed that such violations not only harm the integrity of the market but also disadvantage honest traders who adhere to ethical practices.

 

While acknowledging the pressures faced by traders, including rising operational costs, Bello reiterated the FCCPC’s dual mandate: consumer protection and the amplification of genuine business concerns to relevant agencies.

 

He called for a collaborative approach with market leaders to establish new standards of integrity, where fair competition thrives and consumers can shop with confidence.

 

Bello urged traders to always ensure honesty and respect in their dealings with customers, to promptly address consumer concerns and complaints.

 

According to him, FCCPC is optimistic that this renewed engagement will lead to a shared vision with market associations to eradicate all forms of abusive and deceptive practices.

 

Speaking at the forum in Mile 12, Alhaji Shehu Jibril, Chairman, Mile 12 Market, that farmer security is critical for national food security and for them to be able to cultivate and harvest without facing ransom threats.

 

He called for investment in Compressed Natural Gas (CNG) trucks dedicated to transporting perishable items, noting that using the same trucks for chemicals and food is unsafe and harmful.

 

Jibril stated that the excessive cost of over N150,000 to transport goods from Kano to Lagos, driven by multiple taxes, severely impedes the movement of goods.

 

He appealed for government grants to support struggling traders, especially in large markets like Mile 12 Market, noting that most traders lack capital and need funding to sustain food supply chains.

 

Also, Chief Camilus Amajuoyi, Chairman, Alaba International Amalgamated Council of Sections, expressed the market’s readiness to work with the FCCPC, stressing the association’s commitment to stop selling bad goods but promote honest business.

 

Amajuoyi, who also heads the International Market Association Electronics, noted past engagements with FCCPC, where similar agreement and understanding with the CPC brought good results.

 

Also, the President-General of Alaba Council said traders in Alaba do not sell fake product no but highlighted a shift in the market where members were focusing on Nigerian brands, made locally.

 

“Most products here are indigenous. We are selling our own branded goods now,” he explained.

 

Amajuoyi denied claims of fake goods in Alaba.

 

“We are not selling fakes. Although, some of us stopped selling foreign products,” he added.

 

Amajuoyi insisted the market would help the FCCPC, saying, “the excutive will find and catch those selling bad products.

 

“Such illegal acts hurt Alaba’s name. “We are ready to partner with you. We will help find those who subsidise originals.” (NAN) (www.nannews.ng)

 

Edited by Folasade Adeniran

Don calls for greater rapprochement between Nigeria, Brazil on language

Don calls for greater rapprochement between Nigeria, Brazil on language

 

 

 

 

 

By Henry Oladele

 

A Professor of Linguistics, Portuguese and Translation Studies, Tayo Ajayi, on Tuesday called for greater rapprochement and collaboration between Brazilian and African linguists and anthropologists in order to deepen studies related to African heritage in Brazil.

 

Ajayi made the call while delivering the 109th Lagos State University (LASU) Inaugural Lecture Series, at its main campus at Ojo.

 

The News Agency of Nigeria (NAN) reports that Ajayi is from the Department of Foreign Languages, Faculty of Arts, LASU.

 

The lecture had the theme: ‘Inter-linguistic Interactions and Resultant Phenomena: Agglutinative and Inflectional Languages.

 

He said: “The practitioners of Afro-Brazilian religion and other interested parties could be encouraged to visit Nigeria to get to know the Yoruba people, culture and language better.

 

“With these efforts, we believe that in the future, the study of African languages such as Yoruba, will take its rightful place in Brazilian awareness and in the Brazilian society.”

 

Ajayi added that the Brazilian Government could include African languages in its programme of postgraduate scholarships abroad for Brazilian students.

 

He also said that the Nigerian Government could incentivise Brazilian students interested in the Yoruba Language through scholarships administered in Nigeria.

 

He said that the Nigerian Government could also send language teachers to Brazil as part of its current cultural and technical exchange programme.

 

“The Nigerian government would pay the remuneration and the Braziliam government would pay the expenses in Brazil.

 

“This is aimed at not losing the characteristics of the original Yoruba Language in songs, chants, ‘orikis’ and casual conversations, among others,” he said.

 

He added that it was necessary to emphasise that Yoruba was neither the first nor second language of Brazilians.

 

“Yoruba is today a specialised contact language, spoken in environments relating to Afro-Brazilian religious and cultural context.”

 

Ajayi also noted that some Brazilians studied Yoruba Language for specific purposes.

 

“One thing is certain: Of the African languages, Yoruba is the most widely spoken and the most visible in Brazil today,” he said.(NAN) www.nannews.ng

 

Edited by Ijeoma Popoola

Abiru reaffirms commitment to STEM education in Lagos

Abiru reaffirms commitment to STEM education in Lagos

 

 

 

 

 

 

 

 

 

By Adepote Arowojobe

 

Sen. Mukhail Abiru (APC, Lagos East) has reaffirmed his commitment to education and the training of young talents in Science, Technology, Engineering, and Mathematics (STEM).

 

 

 

Abiru made the commitment in a statement on Monday by his media aide, Mr Enitan Olukotun, during the STEM training graduation at Government College, Surulere, Lagos.

 

 

 

In his keynote address, titled ‘Empowering the Next Generation Through STEM Innovation’, Abiru described the programme as a powerful demonstration of what is achievable.

 

 

 

“We are building platforms that give children access to knowledge, mentorship, and modern learning environments,” he said.

 

 

 

He stressed that the future belongs to those equipped with scientific literacy and digital competence.

 

 

 

Abiru said the initiative aligns with one of the three pillars of his senatorial focus: endowment, legislative duty, and facilitation and empowerment.

 

 

 

The lawmaker, an alumnus of GCL, urged stakeholders, especially public institutions and private firms, to invest in developing young people’s human capital.

 

 

 

“This Demo-Day is more than ceremonial; it reflects what becomes achievable when we nurture curiosity and provide tools to solve real-world problems.

 

 

 

“Our children are not only learning; they are building, experimenting, and stepping boldly into the future,” he said.

 

 

 

Abiru noted that 60 GCL students trained in STEM showcased innovative projects developed during their nine-week training.

 

 

 

He explained that the training was conducted by STEM Café, an initiative of Co-Creation Hub (Cc-HUB), for SAIL Foundation.

 

 

 

During the Demo, the students displayed their innovations before Abiru, the Chief Impact Officer, and other distinguished guests.

 

 

 

Also present were Mr Deji Abisola, Global President of GCLOBA, school management, staff, and other stakeholders.

 

 

 

In his remarks, Abisola said the STEM programme extends beyond GCL, with other students participating at the SAIL Innovation Lab in Ikorodu.

 

 

 

He explained that students from ten public schools participate in each term’s session under the SAILors Programme.

 

 

 

“When the new school term begins, the next cohorts at GCL and the ten schools will begin,” Abisola confirmed.

 

 

 

Similarly, Mrs Ngozi Eneje, Vice-Principal of GCL, praised the collaborative effort behind the programme.

 

 

 

She lauded Abiru and SAIL Foundation for their strategic investment in students’ lives and futures.

 

 

 

GCLOBA, she added, expressed heartfelt appreciation to Abiru for his unwavering support to the school’s development.

 

 

 

Notable guests at the event included Prof. Bankole Sodipo (SAN), Rear Adm. Leye Jaiyeola (Rtd), Mr Akin Ogunmowo, and Mr Timothy Aluko, Chief Operating Officer, Cc-HUB. (NAN) (www.nannews.ng)

 

Edited by Yinusa Ishola / Kamal Tayo Oropo

Ikorodu witnessing progress under Oba Shotobi-Council member

Ikorodu witnessing progress under Oba Shotobi-Council member

 

 

By Adepote Arowojobe

The Agbaakin of Ikorodu, Chief Ayodele Elesho, has described the reign of the traditional ruler of Ikorodu, Oba Kabir Shotobi, as being peaceful and progressive.

 

Elesho, who doubles as chairman, Media and Publicity Sub-Committee, for the 10th anniversary of ShotobI’s coronation, spoke at a news conference held at the Ayangburen palace.

 

He identified laudable initiatives by the monarch such as the creation of the Ikorodu Peace Initiative Ltd (IDPL) which he oversees as chairman.

 

According to him, since its formation, IDPL in collaboration with other security agencies, has witnessed great improvement.

 

“The IDPL has also engaged in impactful interventions in the area of education, environment and road rehabilitation among others,” he said.

 

According to him, this feat and more saw the emergence of Ikorodu as third largest city in South-West, and 12th in Nigeria.

 

Elesho noted that another key initiative of the monarch was the ongoing construction of a renal centre in the area, which is now, almost completed.

 

“The centre is to complement the existing one, while engaging the Lagos State Government on converting the General hospital in Ikorodu, to a teaching hospital,” he said.

 

The News Agency of Nigeria(NAN) reports that during the week-long activity billed to run from Aug. 2 till Aug.10, Nigeria’s First Lady, Sen. Oluremi Tinubu, will be honoured with the title of “Yeye Oba of Ikorodu”.

 

Top dignitaries are also expected to grade the event. (NAN)

 

Edited by Esenvosa Izah/Sandra Umeh

NCGC urges banks, others to build inclusive, resilient credit market

NCGC urges banks, others to build inclusive, resilient credit market

 

 

By Grace Alegba

 

 

 

 

The National Credit Guarantee Company (NCGC) has called on banks and other financial services stakeholders to forge a robust partnership aimed at creating a more inclusive, resilient, and dynamic credit market in Nigeria.

 

The Managing Director of NCGC, Mr Bonaventure Okhaimo, made the call during the inaugural Stakeholders’ Engagement Forum on Monday in Lagos.

 

The theme of the event is, “Unlocking Access to Finance Through Credit Guarantees and Strategic Partnership”.

 

Okhaimo said such collaboration world help in reshaping Nigeria’s credit landscape, thereby allowing Micro, Small and Medium Enterprises (MSMEs) to thrive.

 

He listed the stakeholders to include commercial banks, microfinance institutions, fintech companies, and Development Finance Institutions (DFIs).

 

He said that the establishment of NCGC by the Federal Government was a bold step under President Bola Tinubu’s administration to de-risk lending, promote financial inclusion, and improve access to credit in the country.

 

“This initiative reflects a shared commitment to addressing critical challenges in Nigeria’s credit ecosystem and unlocking the immense potential within our economy,” Okhaimo stated.

 

He commended the founding institutions of NCGC, the Ministry of Finance Incorporated (MOFI), Bank of Industry (BoI), Credicorp Ltd., and the Nigeria Sovereign Investment Authority (NSIA) for their support.

 

He also expressed gratitude to the Central Bank of Nigeria and the World Bank for their technical and institutional guidance.

 

Okhaimo noted that Nigeria’s macroeconomic outlook continued to show promise, with a Gross Domestic Product (GDP) growth of 3.13 per cent in first quarter of 2025 after rebasing, driven by the services and non-oil sectors.

 

He acknowledged the severe credit constraints faced by MSMEs and manufacturers, largely due to high borrowing costs, inflationary pressures, volatile exchange rates, and high energy costs in spite of the growth.

 

“An estimated 80 per cent of MSMEs still lack access to formal credit due to collateral constraints and lenders’ risk aversion,” he said, citing NBS data.

 

He observed that while Nigeria’s formal financial inclusion rose from 54 per cent in 2020 to 64 per cent in 2023, about 26 per cent of the adult population remains financially excluded.

 

Okhaimo commended DFIs such as BoI, DBN, NEXIM, and BOA for their interventions, along with fintechs and government initiatives like Credicorp, which had enabled over 90,000 Nigerians to access structured consumer credit since April 2024.

 

The NCGC boss also highlighted the alarming decline in manufacturing exports, citing data from the Manufacturers Association of Nigeria (MAN), which reported a drop from N1.04 trillion in third quarter 2024 to N294 billion in first quarter 2025.

 

He attributed this largely to prohibitive interest rates and difficult access to credit.

 

“More than 40 per cent of manufacturers are unable to access the funds needed to operate at full capacity,” he said.

 

Okhaimo added that 767 manufacturers shut down in 2023, leading to over 18,000 job losses.

 

On consumer credit, he revealed that as of January, total outstanding credit stood at N4.12 trillion, just 15.5 per cent of total bank credit, and less than three per cent of GDP, underscoring the massive unmet demand in the sector.

 

Okhaimo said that NCGC was established with an initial capital of N100 billion to bridge the credit access gap by providing partial credit guarantees rather than lending directly.

 

“We are here to play the role of a guarantor, covering a portion of potential loan defaults. This reduces lenders’ risks and incentivises them to extend more credit,” he explained.

 

He emphasised that NCGC would work closely with Participating Financial Institutions (PFIs), use technology and data to de-risk borrowers, and promote policies that make credit more accessible and inclusive.

 

“Together, we can ensure that viable borrowers, from farmers to manufacturers, are met with opportunity, not exclusion,” he said.

 

He affirmed NCGC’s readiness for business, saying the forum marks the beginning of a deep, strategic, and sustained partnership that will transform access to finance in Nigeria.

 

“Let us move from dialogue to design, from intention to impact,” he declared.

 

Dr Biodun Adedipe, an economist while delivering a keynote address, highlighted Nigeria’s long-standing struggle with an underperforming credit system.

 

The founder and chief consultant of B. Adedipe Associates Ltd., noted that between 2015 and 2020, the country’s private sector credit-to-GDP ratio remained between 10 per cent and 15 per cent, far below the averages recorded across both global and African economies.

 

“The credit framework today is a far cry from what we envisioned two decades ago when we aspired to hit a GDP target of $963 billion and rank among the world’s top 20 economies,” Adedipe said.

 

In contrast, he explained, South Africa recorded a private sector credit-to-GDP ratio of 109.05 per cent in 2020, followed by Morocco at 66.01 per cent, Kenya at 32.15 per cent, and Egypt at 25.79 per cent.

 

Adedipe added that Côte d’Ivoire and Algeria posted 20.55 per cent and 26.12 per cent, respectively, while the global average for the period stood at 146.4 per cent.

 

He commended the NCGC as a “long-awaited institutional intervention in the Nigerian credit market”, noting its potential to drive inclusive growth and deepen industrial manufacturing.

 

Adedipe underscored that while risks like moral hazard and political interference exist, the company had started on a strong footing with “well-defined modus operandi and mechanics” and a “solid leadership team”.

 

Prof. Chris Onalo, Registrar/Chief Executive Officer of the National Institute of Credit Administration (NICA) chartered, stressed the need for transparency and credibility in the NCGC’s processes to build confidence and effectively deliver on its mandate.

 

He also highlighted necessary factors for better integration of credit guarantee schemes within Nigeria’s broader financial inclusion agenda.

 

The News Agency of Nigeria (NAN) reports that the collaborative efforts envisioned by the NCGC aim to ensure that viable partners, from farmers and traders to entrepreneurs and manufacturers, are met with opportunity rather than exclusion in Nigeria’s credit landscape. (NAN)

 

Edited by Olawunmi Ashafa

Vandalism of manhole covers, guardrails, road lights worries Lagos residents

Vandalism of manhole covers, guardrails, road lights worries Lagos residents

 

 

 

 

 

By Lydia Chigozie-Ngwakwe

 

Some Lagos residents on Sunday raised concerns over rising cases of vandalism of manhole covers guardrails, solar lights and other road safety fittings in the state.

 

The residents expressed worry that the fittings had been stolen from streets and major roads in various parts of the commercial centre, describing the act as wicked and shameful.

 

They spoke in interviews with the News Agency of Nigeria (NAN) in Lagos.

 

The residents expressed the concern as the Federal Government vowed to take stronger measures to tackle the menace.

 

A Fellow of the Nigerian Institution of Surveyors, Mr Olumide Adewebi, condemned the increasing trend of infrastructure vandalism across Nigeria.

 

He described it as a direct attack on public safety, the economy and national development.

 

“These stolen items are not just metal parts. They are key parts of our transport and safety systems.

 

“Their theft causes accidents, costs the government billions of Naira, and puts lives at risk,” he said.

 

Adewebi blamed the menace on poverty, unemployment, poor enforcement, and a booming black market for scrap metal.

 

He outlined several solutions including tighter surveillance, regulation of scrap metal business, use of smart technologies for detection, and stronger community policing.

 

He also urged Nigerians to take responsibility for protecting public property.

 

“These infrastructure are not just government property, they belong to us all.

 

“When we allow them to be destroyed, we all suffer the consequences,” he said.

 

He recommended strict punishments for vandals, including a minimum of five years’ imprisonment, heavy fines, seizure of assets, and community service.

 

Adewebi called for joint efforts from professionals, security agents and other citizens to protect public infrastructure and ensure they would serve future generations.

 

A resident of Ikotun, Mrs Iyabo Ogundele, described vandalism of manhole covers as a wicked and shameful act.

 

“ These people are not just stealing; they are putting lives in danger.

 

“What if someone falls into an open manhole at night or during rainfall?

 

“The government cannot do everything. We, the people, must protect what is ours,” she said.

 

A trader at Ejigbo Market, Mr Ayo Babatunde, said: “I have seen youths trying to unscrew lights.

 

“Sometimes, we shout and they run away but sometimes they come after us.

 

“If police don’t arrest and punish them, they will keep coming.

 

“Government should work with local people. We are ready to help if they take us serious.”

 

A student of Yaba College of Technology, Miss Chinasa Ezeokafo, expressed satisfaction at the Federal Government’s efforts at replacing guardrails with concrete barriers.

 

“ Iron is easy to carry away.

 

“The government should also talk to scrap metal buyers.

 

”Those who buy stolen items are part of the problem,” she said.

 

Meanwhile, the Federal Controller of Works in Lagos State, Mrs Olukorede Kesha, told NAN that the Federal Government was already taking measures to tackle the trend by replacing easily-vandalised iron guardrails with concrete barriers.

 

“At places such as Iganmu Bridge, we are replacing iron guardrails with concrete ones because vandals find them harder to steal or destroy,” she said.

 

She appealed to the mass media and the general public to help in educating people about the dangers and cost of vandalism.

 

“Journalists have a key role in sensitising the public.

 

“People must learn to speak up. When you see something, say something. Report to the police or other relevant agencies.

 

“Look at the people around the Mowe axis, they are helping to protect solar lights by alerting the DPO in that area,” she said.

 

On manhole covers, Kesha said that the government had replaced many of them, but some people still stole them at night.

 

“These things are provided for public good.

 

“Communities must help by taking ownership and reporting offenders,” she added.

 

She told NAN that many solar lights and cat eyes on the Third Mainland Bridge had been stolen.

 

“Even after welding the solar lights in place, people still went there and cut them off.

 

“However, CCTV on the bridge is active, and we have caught some of them.

 

“People don’t believe the cameras are working, but they are,” she said. (NAN)(www.nannews.ng)

 

 

Edited by Ijeoma Popoola

Artificial Intelligence: Befriend it, learn it, challenge it – Lagos official urges

Artificial Intelligence: Befriend it, learn it, challenge it – Lagos official urges

 

 

By Henry Oladele

 

Lagos State Commissioner for Innovation, Science and Technology, Mr Alex Alake, on Friday charged leaders in healthcare delivery in the state to embrace Artificial Intelligence (AI) without delay to tap from its gains.

 

“Don’t fear AI. Befriend it, learn it, challenge it, and every time someone says AI is going to take our jobs, smile and reply: Only if we let it,” Alake said in Lagos.

 

Alake gave the charge while speaking at a two-day management retreat organised by the Lagos State College of Health Technology (LASCOHT).

 

Alake was represented by a senior officer in Lagos State Ministry of Innovation, Science and Technology, Mrs Gbemisola Kayode-Bolarinwa.

 

The News Agency of Nigeria (NAN) reports that the retreat had the theme: ‘Preparing the Allied Healthcare Workforce for AI-Driven Future: Education Strategies for Tomorrow’s Challenges’.

 

Alake said that the future of healthcare in Lagos would be shaped by those who would embrace innovation.

 

Alake charged healthcare delivery leaders to be curious, bold and tech-savvy.

 

“LASCOHT has a unique opportunity to pioneer AI-ready allied health professionals who will improve accuracy in diagnostics and enhance efficiency in hospitals and clinics as well as bridge healthcare gaps in underserved communities,” he said.

 

Alake said that AI was no longer a futuristic concept.

 

“It is here and reshaping medicine worldwide.

 

“In terms of diagnostics, AI-powered tools like IBM Watson and Google’s DeepMind can analyse X-rays, detect tumors and predict disease outbreaks faster than humans.

 

“In telemedicine, startups like Helium Health and 54gene use AI for patient data management and genomic research.

 

“In rehabilitation, AI-driven prosthetics and robotic therapy devices are improving recovery for stroke and accident victims.

 

“In public health, AI helps to track disease patterns, such as predicting malaria outbreaks using climate and population data,” he said.

 

The keynote speaker, Dr Kolawole Godonu, Director, Joint Universities Preliminary Examination Board, said that AI was transforming healthcare delivery.

 

Godonu said that AI had made Impacts on diagnostics, treatment and patients’ management.

 

Godonu proposed strategies for transforming health education.

 

“The five proposed strategies are curriculum re-engineering, faculty development, simulation-based learning, data-driven decision-making, and industry-academia collaboration.

 

“Traditional curricula must evolve to integrate modules on data literacy, machine learning, AI, digital diagnostics, and telehealth system.”

 

He added that the curricula must promote inter-disciplinary learning.

 

Godonu, however, said that AI raised ethical concerns even with its great promises.

 

“While AI offers great promise, it also raises ethical concerns such as biased algorithms, data privacy breaches, and inequitable access to digital tools.

 

“We must be intentional about teaching techno-ethics, ensuring our graduates can critically assess AI applications-not just for efficacy but for fairness, transparency and inclusivity.

 

“As a public institution with a mandate to serve society, LASCOHT has a unique role to democratise access to AI knowledge and make digital transformation work for many, not few,” he said.

 

Lagos State Commissioner for Tertiary Education, Mr Tolani Akibu, said that the state government was looking at upgrading the college and reviewing the law that established it.

 

“We have been looking at how we can go about this, and we are also looking at how the college can be given a polytechnic status,” he said.

 

Earlier, the Provost of LASCOHT, Prof. Raheem Akewushola, said that the theme of the retreat was timely

 

“AI is no longer an abstract concept; it is already reshaping how we diagnose, treat, manage, and even prevent diseases.

 

“The healthcare workforce of tomorrow must be technology savvy, adaptable and ready to thrive in an increasingly automated world.

 

“This retreat is our platform to ask: How do we ensure our graduates are not left behind?

 

“Over these two days, we will exchange ideas, revisit our strategies, and develop actionable plans that will guide us in integrating AI and other emerging technologies into our curriculum, research and our day-to-day operations,” he said.

 

He said that his administration, in the last one year, had made remarkable achievements.

 

“We have cleared a backlog of three academic sessions’ results, restoring trust and academic integrity.

 

“We have matriculated 802 new students, strengthening our reputation as a first-choice institution in heathcare technology.

 

“Also, we now have a college library stocked with current resources and a digital conference room for academic board meetings.

 

“LASCOHT also entered into a memorandum of understanding with Lagos State Health Service Commission, Lagos Primary Health Care Board and Lagos State Traditional Medicine Board,” he said.

 

The provost said that the memorandum of understanding was aimed at fostering collaboration, enhancing practical training and expanding career opportunities for students in healthcare industry.

 

“We have also introduced a digital lecture supervision and evaluation system, setting us on track for global best practices.

 

“We have opened a state-of-the-art college clinic in partnership with Lagos State Primary Health Care Board, a huge milestone for practical training and community service,” he added. (NAN)

 

Edited by Ijeoma Popoola

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